The Fair Share Report

25 E Munson Ave

Dover, NJ 07801

The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.

Step 1 · Market value

≈ $534,288

Likely range $519,931 – $669,208, from 12 comparable Dover sales in the past 18 months, at this home's 1,742 sq ft.

Step 2 · The Director's Ratio

61.38%

The state's official measure of how far Dover assessments sit below market value — republished every October, applied town-wide. A $534,288 home should be assessed near $327,946.

Step 3 · Assessed value

$235,400

Set at the last town-wide revaluation and mostly frozen since. That's $92,546 below what the ratio math suggests (28.2%).

Step 4 · The tax rate — same for every Dover home

$3.489 per $100 assessed

$1.500 Schools · 43% $0.346 County · 10% $1.643 Town · 47%

Step 5 · The bill

$8,215/yr
Public schools$3,532
Morris County$815
Town of Dover$3,869
Dover average$8,409

This home vs. every recent Dover sale · assessed ÷ market

Town median 48.4%
This home · 44.1%

30%76%

Paying about right

This home's ratio lands inside Dover's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
11 E FAIRVIEW AVE2025-04$525,0001,62442.6%
77BAKER AVE2026-02$515,0001,72051.5%
77BAKER AVE2025-12$350,0001,72075.9%
42 FIRST ST A&B2026-05$650,0001,69234.0%
121 W CHRYSTAL ST2025-05$500,0001,65550.8%
24 LIVINGSTON AVE2025-11$510,0001,47744.6%
105-107 THOMPSON AVE2025-04$575,0001,44028.8%
60 NEW ST2025-01$434,0001,85874.5%
26 HARRISON ST A&B2026-05$720,0001,67928.7%
17 LEONARD ST2025-07$445,0001,52248.0%
32 HINCHMAN AVE2025-09$565,0001,89344.6%
55 LINCOLN AVE2025-05$480,0001,56550.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →